Golf Courses & Country Clubs in Florida
The Golf Courses and Country Clubs industry in Florida has fared slightly better than the national industry over the past five years. Florida contains the highest number of golf courses in the country, largely due to the state's year-round warm weather and the prevalence of both tourists and retirees that have the leisure time to engage in rounds of golf. Nationwide, golf participation has fallen, owing largely to younger generations' lack of interest, but the Florida industry has maintained stable revenue growth due to its favorable advantages. During the five-year period to 2022, the industry is forecast to continue growing, albeit at a slower rate. In addition, the number of industry firms will continue to rise over the next five years, boosting competition and pressuring profit margins.
This industry is primarily engaged in operating golf courses and country clubs that have dining and recreational facilities. These establishments typically provide food and beverage services, equipment rental services and golf instruction. Golf courses can be public, private, semiprivate or an extension of a private country club. This industry excludes golf driving ranges, miniature golf courses and resorts and hotels that have on-site golf courses.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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